Bitcoin Golden Cross

WJB Would be Proud, or not

Breaking Out of a Rangebound or Negative Behavior Pattern:

Full Disclosure: THIS IS NOT ADVICE. (I’M ALSO WRITING A BOOK ABOUT REVERSE PSYCHOLOGY, BUT YOU SHOULDN’T BUY IT!)

LET ME ASK YOU A QUESTION:

ARE YOU READY FOR WHAT’S COMING? (HINT..)

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Williams Jenning Bryant gave his famous “Cross of Gold” speech this month back in 1896 at the Democratic National Convention arguing for a return to bimetallism. It’s a fascinating story, but that’s not what we’re talking about here

The Golden Cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 50-day moving average) crossing above its long-term moving average (such as the 200-day moving average) or resistance level.

It comes in super handy for those trying to invest intelligently and build a little financial security and resilience for their families during Bidenomics and Buildbackbutter. It’s one signal in all the “noise” of life that you should learn to pay attention to:

Why does it matter? Because it’s usually bullish, and not just short term. It can mean you’re in for ONE HELL OF A RIDE UPWARDS in whatever stock, market, or asset you are charting. More often than not, it’s an indication of where to make MONEY.

The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 50-day moving average) crossing above its long-term moving average (such as the 200-day moving average) or resistance level.

As long-term indicators carry more weight, the golden cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.

Why do we care?

Because that hated and misunderstood little pest called Bitcoin has just made a golden cross, and is one of the few assets moving up as WWIII is heating up. (Yes, before you ask, this should be good tailwind for many other cryptos as well)

Nothing here is financial advice*, but you might consider putting 2-5% of investable assets in this space, and becoming a paid sub to Smurfing the New Normal :)

*ask your advisor if bitcoin is right for YOU*

Here’s more:

Happy birthday bitcoin!

And here’s more (readers that did their own due dilly and used our info have DOUBLED their money since January and our last big chart signal. See post here:

BONUS:

Ok! So you clicked this thinking you’d get some religious insight or such.

I bamboozled you (hopefully profitably) BUT the Changa still aims to deliver!

There is a connection after all.

You reap what you sow (or “sew” for the Joann Fabrics crowd) and the “master” in this Bible parable wants you to buy bitcoin to invest your “TALENT” which was actually a unit MONEY, not your “gifts” (let them shine.. no bushel basket:) In other words, INVEST. MAKE IT GROW!

To whit:

The Parable of the Talents

¹⁴ “For it will be like a man going on a journey, who called his servants^[a] and entrusted to them his property. ¹⁵ To one he gave five talents,^[b] to another two, to another one, to each according to his ability. Then he went away. ¹⁶ He who had received the five talents went at once and traded with them, and he made five talents more. ¹⁷ So also he who had the two talents made two talents more. ¹⁸ But he who had received the one talent went and dug in the ground and hid his master's money. ¹⁹ Now after a long time the master of those servants came and settled accounts with them. ²⁰ And he who had received the five talents came forward, bringing five talents more, saying, ‘Master, you delivered to me five talents; here, I have made five talents more.’ ²¹ His master said to him, ‘Well done, good and faithful servant.^[c] You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ ²² And he also who had the two talents came forward, saying, ‘Master, you delivered to me two talents; here, I have made two talents more.’ ²³ His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ ²⁴ He also who had received the one talent came forward, saying, ‘Master, I knew you to be a hard man, reaping where you did not sow, and gathering where you scattered no seed, ²⁵ so I was afraid, and I went and hid your talent in the ground. Here, you have what is yours.’ ²⁶ But his master answered him, ‘You wicked and slothful servant! You knew that I reap where I have not sown and gather where I scattered no seed? ²⁷ Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest. ²⁸ So take the talent from him and give it to him who has the ten talents. ²⁹ For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away. ³⁰ And cast the worthless servant into the outer darkness. In that place there will be weeping and gnashing of teeth.